Jul 23, 2012

On Monday, the president of the NCAA, Mark Emmert, presided over a press conference announcing punishment for Penn State University in light of the Sandusky Scandal that rocked the school to its core.

The punishment includes sanctions, including fines, postseason ban, and loss of scholarships.

Penn State Punishments:

$60 million fine, representing approximately one year of football profits.

4-year bowl game ban.

Scholarship reduction, cap lasting four years.

Any entering, returning football student athlete can transfer immediately. Presuming academic requirements are met, these potential transfers can play immediately.

PSU vacates all wins from 1998-2011.

PSU begins a five-year probationary period, with the NCAA reserving the right to implement further punishments.

The punishment being issued out, by all accounts, is said to be worse than the death penalty in the amount of money it's going to cost the university.

With the vacating of 111 PSU wins, Eddie Robinson of Grambling State University returns to the top of the mantle as the most winning Division I football coach with 408 wins. Prior to the NCAA's announcement, Joe Paterno had surpassed Robinson by 1 win.